Alho, Juha M. (contributor); Borgy, Vladimir (contributor) - 2007
exogenous and adjusted for an age-specific participation ratio to the labour market in each
region. The model does not … market clearing conditions. The markets for
intermediate goods, final goods, labour in each region, and the market for the …+) and 4 cohorts of young (ages <
20). Cost per child is proportional to the consumption of their parents. Labour supply is …